- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

Australia's banking regulator ends Westpac money laundering probe

In a separate statement, Westpac acknowledged APRA’s decision to end the probe.

Emerging from the legislative fog: the UK’s transformative foreign investment regime comes into sharper focus

These developments have shed light on some key issues - including by providing further clarity on the scope of the sectors in which notifications will be mandatory - but significant questions remain outstanding.

Beyond the Brexit transition period – new deadlines for firms

The EU only adopted a few measures to mitigate the impact of the end of the Brexit transition period

Last remains of the German suspension of the obligation to file for insolvency to finally end in April 2021

Currently, companies which had applied for financial aid (or due to legal or factual reasons were unable to do so) until 28 February 2021 are exempted from the obligation to file for insolvency

FATF listing and the Cayman Islands

The Cayman Islands has taken definitive action in recent years to update its compliance regimes to surpass changing global standards

New UK national security regime to be in place by the end of 2021

Under the Bill, where qualifying entities (typically target companies) operate within specified sectors, a notification must be made to BEIS before any transaction involving that entity can complete.

Reforms to UK listing rules on the horizon: retaining London’s competitive advantage

The suggestions include both short and longer term proposals and are considered as part of a regular process

Announcements on the end of LIBOR

Based on undertakings received from the panel banks, the FCA does not expect that any LIBOR settings will become unrepresentative before the relevant dates set out above.

UK Budget 2021 - the detail that matters to you

The question that remains is whether there is a more substantial reform of taxation waiting in the wings for when the lockdown is over and the country is back to work.

Indirect Discrimination: “Particular disadvantage” involves looking at those impacted by the policy

It should have considered whether the policy put women at a particular disadvantage.

Climate-Related Disclosure in the Hot Seat

SEC Commissioners: Are Recent Announcements Changes from Status Quo or New PR Twist?

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad

The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.

Amendments to Personal Data Protection Act

This round of amendments will introduce significant change to the existing data protection regime in Singapore, which bring it closer in line with higher global standards.

Immigration options for those wishing to invest in and relocate to the UK

If the applicant invested £5m or £10m in the UK, they may qualify for ILR after three years or two years respectively.

European Data Protection Supervisor raises concerns around targeted advertising

The Supervisor welcomed the fact that the proposal does not impose a general monitoring obligation, or an obligation to take proactive measures to remove illegal content.

How will new EU and UK rules foreign investment rules affect tech deals?

Governments are increasingly looking to scrutinise and intervene in M&A and investment into high priority areas, which include a number of cutting-edge technologies.

Climate change governance and reporting requirements for pension scheme trustees

The consultation closes on March 10, 2021 and the new laws are expected to come into force in October this year.

Impact of Brexit on infrastructure, mining and commodities

The free movement of people between the EU and the UK came to an end at the end of last year.

Six ways your organisation can support 'trans' employees

A person will be protected against discrimination under the Equality Act 2010 if they are proposing to undergo, are undergoing or have undergone a process to change their gender identity.

Review of the UK Listing Regime : "closing the gap"

Companies that want to list with such structures must either settle for a standard listing or opt to list elsewhere, such as in the US, where these arrangements are prevalent and well understood.

Government Regulation